Legal Opinion
Geltzer v. Bedke (In re Mundo Latino Mkt. Inc.)
United States Bankruptcy Court, S.D. New York
Decided August 16, 2018No. Case No. 16-11349 (SMB); Adv. Pro. No. 18-01013 (SMB)PublishedCited by 4 opinions
1Opinion of the Court
STUART M. BERNSTEIN, United States Bankruptcy Judge:
*613On April 10, 2018, Robert L. Geltzer, the chapter 7 trustee (the "Trustee") of Mundo Latino Market Inc. ("Mundo Latino" or the "Debtor"), filed the Amended Complaint , dated Apr. 10, 2018 ("Amended Complaint " ) (ECF Doc. # 11), seeking to hold Defendant Kathryn L. Bedke ("Bedke") liable for breach of fiduciary duty, corporate waste and negligence in her roles as majority shareholder, director and officer of the Debtor. Bedke moves to dismiss the Amended Complaint on two grounds: she is protected by the business judgment rule, and the…
2Cases cited29 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Auerbach v. BennettNew York Court of Appeals · 1979
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Alpert v. 28 Williams Street Corp.New York Court of Appeals · 1984
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3Cited by4 opinions
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- Pereira v. LinUnited States Bankruptcy Court, E.D. New York · 2020
- Wright v. Trystone Capital Assets, LLCUnited States Bankruptcy Court, D. New Jersey · 2023